Business Pension funds

Nigeria hikes capital requirement for pension managers as mergers loom

Nigeria has increased the capital requirement for pension managers in an attempt to steer the biggest sector of its fund management industry to target untapped opportunities in the much larger, informal sector of small business. Three pension managers are in talks to merge to meet the new capital requirement of 5 billion naira ($13.14 million) Read More…

Featured Metro Pension funds

Lagos pays N1bn accrued pension rights for September

Image Credits: The Guardian Nigeria. The Lagos State Government has paid over N1 billion as accrued pension rights to 219 retirees in the state’s public service for the month of September. Mr Babalola Obilana, Director-General, Lagos State Pension Commision (LASPEC), in a statement on Friday, said the beneficiaries received their bonds at the 79th batch Read More…

Business Featured Pension funds

Atedo Peterside tasks FG on guarantees for pension funds investment

Image Credits: The Guardian Nigeria, Peterside. Mr Atedo Peterside, the founder of Stanbic IBTC Holdings Plc, on Thursday said that government needed to provide guarantees for pension funds investment in infrastructure activities to avoid risk. Peterside disclosed this at the “The PlatformNG60” organised by Covenant Christian Centre in Lagos, anchored by Pastor Poju Oyemade. The Read More…